Weekly News Letter (Dated 7 October -- 11 October 2013). Visit: http://www.ibnservices.in/ OR http://ibnservices.blogspot.in OR http://nse-bse.blogspot.in OR http://mcx-ncdex.blogspot.in

Weekly News Letter

Date: 7 — 11 October 2013

 

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Support & Resistances

NIFTY:

Last Close: 5907.30 (Up 74.10)

Resistance Levels: 6180, 6300, 6450, 6500, 6600

Support Levels: 5800, 5650, 5500, 5350, 5200

SENSEX:

Last Close:  19915.95 (Up 188.68)

Resistance Levels: 20850, 21350, 21850, 22000, 22400

Support Levels: 19600, 19000, 18500, 18000, 17500

Sensex Range This Week: 19300 - 20500 above which it will touch 21000 & Below Target 18500; Good Resistance closing above 20000.

 

Market Commentary:

Nifty can easily rise toward 6050—6200 this week. Traders can buy at any dip toward 5800—5750 keeping strict stop loss at 5700 closing basis. Some good news can show sharp rise in coming days but the rally will be short lived, be cautious.

Hot sectors for this week: Banking & IT.

 

Last week’s profits & Hot in street

Hot picks for this week:

ONGC, PETRONET, JISLJALEQS, BANKINDIA, DLF, YESBANK, UNITECH, IDBI,  JSWSTEEL, DISHTV, SUNPHARMA etc.

Last week’s profits:        JSWSTEEL – 4%

                                                GMRINFRA – 3%

                                                TATAMOTORS - Fut. Rs. 15000.00

                                                ADANIPORTS - Fut. Rs. 10000.00

                                                IDEA - (Options) Rs. 0.00

 

Trading picks for this week:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot picks for this week
RPOWER (69.55)	Must Buy At 69—67	73	75—77+	65	Take a risk to buy at any dip for good gain soon.
HCLTECH (1096.80)	Sell C/Fut.  1115—1135	1060	1030—1000	1150	Profit booking can be seen in IT stocks this week
Derivative- Future (Strategy for this week)
BANKINDIA (175.60)	Must Buy At 173—169	183	188—192+	Bel 165	Max Profits: Unlimited	All mid-cap banking stocks are looking hot.
BANKIND PE 170 (8.0)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs. 4000
SUNPHARMA (606.7)	Sell At 612—625	580	570—560	Abv 635	Max Profits: Unlimited	High risk - High gain strategy for 1—2 weeks
SUNPHAR CE620 (18.2)	Buy when you Sell Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
UNITECH CE 17.5 (1.0)	Must Buy At 0.90—0.60	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold keeping spot SL 15.5 for gains.
UNITECH PE 15 (0.65)	Sell 2 Lots with CE 17.5
					Max Loss: Rs. 10000

 

Last week’s performance:

Weekly News Letter (Dated 30 Sept – 4 Oct 2013) Performance Report: Maximum Profit/Loss: Rs.47500.00

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET Profit / Loss
JSWSTEEL	Must Buy At  755	725	30	500	Profit Rs. 15000.0(Super Call)
GMRINFRA	Sell C/Fut. At 23	22.25	0.75	10000	Profit Rs. 7500.00
TATAMOTOR (Fut./Opt)	Must  Sell 343/ 10	343 / 25	0  + 15 = 15	1000	Profit Rs. 15000.0(Super Call)
ADANIPORT (Fut./Opt)	Sell At 143 / 0	138 / 0	5  - 0 = 5	2000	Profit Rs. 10000.00
IDEA (Opt strategy)	Buy-Sell 7 / 4.50	6 / 4	- 1 + (2 * 0.5)= 0	2000	Profit Rs. 0.00

 

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India Stock {A unit of IBN Services, New Delhi} has taken due care and caution in compilation of data for its members. Information has been obtained by the company from sources which it considers reliable. This document is not written by any registered advisor. We might not hold any positions in above stocks in Cash/ Derivatives. However, India Stock/ IBN Services does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. India Stock/ IBN Services especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its News Letters or websites or through any medium (like: messenger/ sms/ group websites etc). You are responsible for your own investment/ trading decisions. India Stock/ IBN Services will not be responsible for any errors or omissions in articles or postings, for hyperlinks embedded in messages, or for any results obtained from the use of such information. India Stock/ IBN Services will not be liable for any loss or damage caused by a reader's reliance on information obtained in our area, or in a hyperlinked area.  All disputes subject to Delhi jurisdiction only. No part of any material may be duplicated in any form and/or distributed without IBN Services prior written consent. By: IBN Services Write to: ibnservices@gmail.caom Visit: http://ibnservices.blogspot.in/ OR http://www.ibnservices.in/ Call: (91) 9899909899